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San Diego
Monday, Mar 18, 2024
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Escondido Parcel Sells for $1.8M

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm, has announced the sale of 1525 Tanglewood Lane, 0.54 acres of land located in Escondido.

The asset sold for $1,800,000.

The property is situated adjacent to the Lexus of Escondido dealership on Auto Park Way.

The buyer, Soli Deo Gloria Parking, LLC, a private investor from San Diego, was procured by Ben Tashakorian, senior managing director, and Brad Peters, investment associate, in Marcus & Millichap’s San Diego Del Mar office.

The buyer had already owned two adjacent properties on the street prior to this closing.

The Seller was represented by Don Zech of CDC Commercial, on behalf of the Seller, a trust from San Diego.

The parcel is a commercially zoned residence situated on a hard corner of Auto Park Way and Tanglewood Drive which hosts over 31,000 vehicles per day.

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